Describe the four stages of Growth model
What will be an ideal response?
1. Stage 1: Early Success ? The first stage is the beginning use of new technology; early success leads to increased interest.
2. Stage 2: Contagion ? As interest grows technology is tried in a variety of applications; growth in uncontrolled.
3. Stage 3: Control ? proliferation must be controlled. Management begins to believe that the costs of using new technology are too high. The integration of systems is attempted, but proves difficult; suppliers begin efforts towards standardization.
4. Stage 4: Integration ? The use of a new technology might be considered mature. The dominant design of the technology has been mastered, setting the stage for new technology.
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Carl Slater was the sole proprietor of a high-volume drug store, which he owned for 25 years before he sold it to Statewide Drug Stores, Inc., in 2016. Besides the $800,000 selling price for the store's tangible assets and goodwill, Slater received a lump sum of $60,000 in 2016 for his agreement not to operate a competing enterprise within 10 miles of the store's location, for a period of 6 years. How will the $60,000 be taxed to Slater?
a. As $60,000 ordinary income in 2016. b. As part of the gain on the sale of the store. c. It is excluded since it was not for the performance of services. d. As ordinary income of $10,000 a year for 6 years.
Sally is a licensed real estate broker in a state that has a mutual recognition agreement with Florida.sally wishes to obtain a Florida real estate license.her choice include all the following except:
A. Taking a 40 question law exam and be issued a Florida broker license by mutual recognition if she is not a Florida resident B. Taking the broker course and state exam if she is a Florida resident C. Taking the sales associate course and state exam if she wishes to become a Florida real estate sales associate D. Receive a Florida license by reciprocity if she is not a Florida resident